Discovering greater 0x insights through labeled trader addresses
A long overdue feature has now been released. 0x Tracker now identifies some of the more popular trading addresses, providing greater insight into how value is flowing into and out of the protocol.
Why is this important?
0x Tracker has provided tools to dig into the trading activity of individual addresses for a long time, however these addresses have always been anonymous unless users put the effort into identifying them on an address-by-address basis. With address labels now first-class citizens, it’s much easier to understand the flow of value.
Some immediate discoveries that can be seen include $10m of liquidity being consumed by Set Protocol in the past year and $4m being consumed by Paraswap. We can also see liquidity being sourced from a non-0x DEX protocol, relayed by 0x API, and consumed by inch.exchange!
Where do the labels come from?
The initial set of labels were kindly provided by the 0x team’s awesome data scientist, Alex Kroeger. These labels have all been made public through a new Github repository which anyone can pull the data from or contribute to.
If you know of an address that hasn’t been labeled then be sure to post an issue in the repo or open a pull request. Hopefully this new data source can become a useful tool in the Ethereum developer’s belt.
More to come soon…
There’s much more information we can use to help identify traders such as indicating contract addresses (automated traders) and displaying ENS domain names. Watch this space!
